Allegheny Technologies (ATI) Earning Somewhat Positive Media Coverage, Report Finds

Media headlines about Allegheny Technologies (NYSE:ATI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allegheny Technologies earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 47.2763878090698 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

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Allegheny Technologies (ATI) opened at $28.24 on Friday. The stock has a market capitalization of $3,550.00, a PE ratio of -30.37 and a beta of 2.37. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.69 and a quick ratio of 1.04. Allegheny Technologies has a 12-month low of $14.54 and a 12-month high of $30.25.

Allegheny Technologies (NYSE:ATI) last announced its earnings results on Tuesday, January 23rd. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The business had revenue of $909.90 million for the quarter, compared to analysts’ expectations of $898.22 million. Allegheny Technologies had a positive return on equity of 3.47% and a negative net margin of 2.61%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share. equities analysts anticipate that Allegheny Technologies will post 1.26 EPS for the current fiscal year.

Several research firms recently commented on ATI. Cowen reaffirmed a “hold” rating and set a $23.00 price objective on shares of Allegheny Technologies in a research report on Tuesday, December 12th. Bank of America raised Allegheny Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.61 to $32.00 in a research report on Friday, March 2nd. They noted that the move was a valuation call. Zacks Investment Research cut Allegheny Technologies from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. JPMorgan Chase & Co. increased their price objective on Allegheny Technologies from $18.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Allegheny Technologies in a research report on Thursday, November 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $27.00.

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Allegheny Technologies Company Profile

Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components and machined parts.

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